Summary Offer BitDAO
BitDAO Funding Proposal
With an available market of 3 billion digital football fans, GOLball is poised to become the premier Web3 onboarding platform by being the first to identify and certify the goal-scoring ball in football games. By connecting our NFTs to tangible football assets like official merchandise and VIP experiences, we create a unique entry point to Web3, engaging more than 500 million people through our LaLiga Santander partnership, home to the two largest football clubs in the world: Barcelona and Real Madrid. This presents a distinctive opportunity to drive Web3 adoption and address fan access and engagement issues in the sports industry's most populated market.
To solidify our position in this new market, we are seeking strategic partnerships within the Web3 ecosystem to scale our operations and introduce our products to the most significant football competitions worldwide. By executing partnerships and sponsorships with leading leagues and tournaments, we can expose our product and brand to an audience of over 1 billion fans. This unparalleled visibility allows us to implement a comprehensive monetization strategy that encompasses a unique football product (goal-scoring ball), exclusive rights to produce the product (long-term contracts), a proprietary methodology for identification and certification (GOLball Patent Pending Processes), an integrated physical and digital platform (Phygital Network), and a phygital monetization approach (cross-gamification).
Our operations are underpinned by a robust technical layer, incorporating data analytics, smart contracts, digital collectibles, machine learning automation, and decentralized governance memberships to ensure a seamless and efficient experience for fans and partners alike.
1. Initial funding: Receive the first installment of 12.5 million USDC and 1 million $BIT tokens. In return, BitDAO will receive the following:
Co-branding with GOLball under the name “GOLball Powered by BitDAO,” prominently displayed on the GOLball platform, TV commercials, LED signage in stadiums, social media channels, and across all GOLball products.
Instead of developing our own Gol-Coin/Gol-Point for the GOLball platform, we will integrate the BIT token as a loyalty and rewards currency. This will enhance the utility of the BIT token while providing a seamless experience for GOLball users.
GOLball’s commitment to purchasing $BIT tokens equivalent to 1-2% of GOLball’s gross annual revenue, depending on the allocation schedule, with this process occurring monthly. These purchased $BIT tokens will be used as loyalty points and utility tokens for GOLball users, replacing the previously planned “Gol-Coin/Gol-Points.” To increase transparency, GOLball will implement a system to record all revenue transactions (credit card or crypto) on-chain, making the overall revenue data accessible to the BitDAO community.
2. Second funding installment: The remaining 12.5 million USDC will be distributed according to the achievement of the milestones below:
40% (5 million USDC) upon achieving 100,000 new unique wallet addresses within 12 months, as a result of migrating to the Mantle blockchain.
25% (3.125 million USDC) upon maintaining a minimum of 50,000 daily active wallet addresses and 100,000 monthly active wallet addresses within 18 months, facilitated through the Mantle blockchain.
15% (1.875 million USDC) upon reaching 500,000 on-chain transactions through the GOLball platform within 18 months, utilizing smart contracts deployed on the Mantle blockchain.
10% (1.25 million USDC) maintain a TVL of at least $5 million within 18 months, utilizing smart contracts deployed on the Mantle blockchain.
10% (1.25 million USDC) upon implementing at least three new sinks for the BIT token, creating a monthly demand of $500,000 within 20 months, enabled by smart contracts deployed on the Mantle blockchain. These may include, but are not limited to:
I. Exclusive access to special events or experiences: Spend BIT tokens to participate in unique football-related experiences, such as virtual meet-and-greets with players, behind-the-scenes stadium tours, or exclusive content.
II. Purchase of limited-edition NFTs or merchandise: Use BIT tokens to acquire rare soccer memorabilia, special edition NFTs, or other collectibles available exclusively on the GOLball platform.
III. Staking for platform rewards: Users can stake BIT tokens to earn rewards or access exclusive perks within the GOLball ecosystem, such as discounts on merchandise, unique NFT drops, or priority access to new features and events.
IV. Auctions and bidding: Users can spend BIT tokens to participate in auctions for rare or valuable soccer-related items, such as match-worn jerseys, signed memorabilia, or limited-edition collectibles.
V. Virtual Reality (VR) experiences: BIT tokens can be used to access or purchase premium VR experiences, enabling users to immerse themselves in virtual stadium tours, live matches, or player training sessions.
VI. Customization and personalization: Users can spend BIT tokens to customize their GOLball platform experience, such as changing their user interface, adding unique avatars, or unlocking exclusive themes.
To address the concern regarding transparency in the number of unique wallet addresses added to BIT token / Mantle through this endeavor, the number of daily and monthly active wallet addresses, and the number of on-chain transactions, we propose the following steps and developments:
Public Dashboard: Develop and maintain a public dashboard displaying real-time statistics related to unique wallet addresses, daily and monthly active wallet addresses, and on-chain transactions. This dashboard would be easily accessible to the BitDAO community and other stakeholders, ensuring complete transparency in monitoring the progress of our project.
Regular Reporting: Provide regular progress reports, including a detailed breakdown of the metrics mentioned above, to the BitDAO community through blog posts, newsletters, or other communication channels. These reports would be shared on a monthly or quarterly basis to keep the community informed about the latest developments and milestones achieved.
Smart Contract Transparency: Utilize open-source smart contracts for all interactions between the GOLball platform and the Mantle blockchain. This would enable community members and developers to review and audit the code, ensuring that the on-chain transactions are verifiable and transparent.
Independent Audits: Conduct periodic third-party audits of the GOLball platform’s smart contracts and on-chain data to ensure the accuracy and transparency of the metrics being reported. Audits could be performed by reputable blockchain security firms, and the results would be shared with the BitDAO community.
Community Engagement: Actively engage with the BitDAO community through various channels, such as social media, forums, and community calls, to address concerns, provide updates, and gather feedback. This open communication will help build trust and ensure that the community remains informed about our progress and the transparency of our project.
By implementing these steps and developments, we aim to maintain a high level of transparency for all key metrics related to the GOLball platform’s integration with the BIT token and the Mantle blockchain. This will allow the BitDAO community to have a clear understanding of our project’s progress and make informed decisions about ongoing support and involvement.
Use of Proceeds
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